Freddie prices $3 billion mortgage-linked amortizing notes
Freddie Mac priced $3 billion of mortgage-linked amoritizing notes with a 2.06% coupon Friday. The government-sponsored enterprise often issues senior unsecured debt obligations when a pool of loans nears amoritizing dates. It will mimic principal and interest payments on this pool to the investor. This offering will settle Jan. 17 and the notes come due Jan. 15, 2022. The notes cannot be redeemed by Freddie before they mature, but they can be retired before the security it references reaches maturity. A dealer syndicate led by Goldman Sachs (GS), Credit Suisse (CS) and JPMorgan Chase (JPM) will offer the notes. Write to Jon Prior. Follow him on Twitter @JonAPrior.